South African Real Estate Potentially Undervalued Companies

Sirius Real Estate

Market Cap: R1.6b

Engages in the investment, development, and operation of commercial and industrial properties in Germany and the United Kingdom.

Delta Property Fund

Market Cap: R242.8m

A South African domiciled Level 1 B-BBEE Real Estate Investment Trust (REIT).

Octodec Investments

Market Cap: R4.5b

Octodec Investments Limited (Octodec or the company), its subsidiaries and associated company (the group) is a real estate investment trust (REIT) listed on the JSE Ltd (JSE) and A2X, with a diversified portfolio of 226 residential, retail, office and industrial properties situated in the major metropolitan areas of Tshwane and Johannesburg.

Exemplar REITail

Market Cap: R5.8b

A listed Real Estate Investment Trust (REIT), which develops, owns and manages township and rural retail real estate.

Accelerate Property Fund

Market Cap: R1.0b

Accelerate Property Fund Limited aspires to be the most valued property fund on the Johannesburg Stock Exchange by acquiring high-quality properties with long-term leases with strong tenants.

Shaftesbury Capital

Market Cap: R2.3b

Shaftesbury Capital PLC is the leading central London mixed-use REIT and is a constituent of the FTSE-250 Index.

Attacq

Market Cap: R11.5b

A South African Real Estate Investment Trust (REIT), listed on the JSE Limited (JSE) and A2X Markets.

Hammerson

Market Cap: R1.7b

Hammerson Plc is the largest UK-listed, pure-play owner and manager of prime retail and leisure anchored city destinations across the UK, France and Ireland.

Newpark REIT

Market Cap: R480.0m

Newpark REIT Limted was registered and incorporated as a public company on.

Burstone Group

Market Cap: R7.6b

A fully integrated international real estate business with c.